Officials with San Antonio-based Alamo Regional Mobility Authority said on March 16 that they are interested in talking with entrepreneur Elon Musk’s venture, The Boring Co., about the feasibility of developing a nearly $300 million underground tunnel to help curb increasing local traffic congestion.
“The [ARMA board] has continually sought innovative ways to finance transportation projects to ensure a bright future for the community in a way that bridges technology and accelerates the delivery of needed projects,” Board Chair Mike Lynd said. “Board action is the first of many discussions toward relieving congestion instead of waiting years.”
According to a news release, ARMA staff will be meeting with The Boring Co. in the coming weeks to talk about a tunnel that could run between the San Antonio International Airport and downtown.
The release said roughly estimated project costs range from $247 million to $289 million, depending on various factors, such as utilities and real estate.
Musk’s tunneling firm and another company, Bexar Automated Transport, were recent finalists in a process that began in October 2019, when the agency issued a request for information to gauge industry interest about partnering and developing a high-capacity transit project. Click to read more at www.communityimpact.com.